Travel & Tour World: Greek Dream Homes & Golden Visas Set to Soar in Price – Leptos Estates Offers Exclusive Opportunity for Indian Investors

May 24, 2024

Leptos Estates featured in Travel and Tour World. View original article HERE or below:

Owning a dream vacation home in Greece and securing a Golden Visa with Permanent Residency is about to become pricier for everyone starting August 31, 2024. In September, the Greek government will enact new legislation that will double the minimum investment required for international citizens to acquire real estate in Greece.

Leptos Estates, a leading real estate and property development company specializing in residential, commercial, and holiday properties, including upscale apartments and luxury villas in Greece and Cyprus, is extending an invitation to affluent individuals and investors from India to act promptly and make their property investments in Greece before the regulations change later this year.

In recent years, Greece’s Golden Visa Programme, launched in 2013, has experienced a surge in popularity and demand, prompting the Greek government to reconsider the investment thresholds for real estate and Permanent Residency.

Under the new regulations expected to take effect on August 31, 2024, Greece’s Golden Visa Program will introduce two minimum investment tiers for real estate transactions in the country. In Tier I, encompassing sought-after areas like Attica, Thessaloniki, Mykonos, Santorini, and the islands, the minimum investment is projected to increase to €800,000 from the current €500,000. Meanwhile, in Tier II, covering all other regions of Greece, the entry point will rise to €400,000 from the current €250,000.

“As the deadline approaches, prices are expected to surge, potentially making the dream of owning a Greek home less attainable for Indian investors. We urge high net-worth individuals and investors to grab this unique once-in-a-lifetime opportunity to secure Permanent Residency in Greece while enjoying the chance to make promising returns on their investment at a minimum cost of an affordable €250,000. Once the new rules come into effect, the cost will double, and it will be a great chance missed. We have some aesthetically and sustainably designed, fully functional apartments and villas across Greece and in regions like Paros Crete, and Santorini that would make great homes for global citizens,” said Sanjay Sachdev, Group Marketing Director, Leptos Estates.

Investors still have the opportunity to apply under the current €250,000 minimum threshold by making a 10% deposit before August 31, 2024, and completing the investment by December 31, 2024.

Owning both a home and obtaining Permanent Residency in one of the world’s oldest civilizations offers numerous advantages. These include visa-free travel within Europe’s Schengen area, substantial returns from Greece’s thriving real estate market, delightful year-round weather, and the opportunity to immerse oneself in the charming Mediterranean culture.

The Residency extends to the entire family, including the spouse, children under 21 years old, and the parents of the main applicant and spouse, with the added possibility of applying for citizenship.

Foreign property owners in Greece are not obligated to reside in the country, and residency permits can be obtained within six months. Moreover, owners have the flexibility to rent out their investment property if desired.

Leptos Estates is the leading provider of new homes in Greece and Cyprus. For more information contact Leptos Estates on Tel: +357 26880120 (Cyprus), +30 28210 20830 (Greece), +44) 208 883 2333 / (+44) 788 767 3342 (UK), email: info@LeptosEstates.com  or visit: www.leptosestates.com

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